Chinese shares rise on central bank's reaffirmation of moderately easy monetary policy

16:08, February 12, 2010      

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Chinese equities rose Friday as the central bank repeated its stance to continue implementing the moderately easy monetary policy, easing concerns about a tightening policy.

The benchmark Shanghai Composite Index gained 1.09 percent, or 32.63 points, to 3,018.13 points. The Shenzhen Component Index gained 0.66 percent, or 80.18 points, to 12,304.78 points.

Combined turnover increased to 114.07 billion yuan (16.7 billion U.S. dollars) from 112.52 billion yuan on the previous trading day.

Gainers outnumbered losers by 794 to 79 in Shanghai and 804 to 72 in Shenzhen.

Source: Xinhua
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